人类历史最大的庞氏计划--吓人的美国国债体系

未世民评论：作者通过一幅美国国债的长期利率趋势图表来说明美国的经济与金融形势，很有意思，值得我们中国的经济学者们仔细思考现下的世界金融形势与战略形态，我与作者一样认为美国通过将债务货币化的方式来为国债与金融运行融资肯定会有严重的后果，将导致美元的超级通货膨胀与剧烈贬值，从而导致美国经济的大动荡，最终毁灭美国现有的金融系统，这是必然的结果，正在我在宋先生的网站上发现他转了一篇中国2020年更贫穷的文章，作者是美国著名的智库兰德公司，他们认为我国的金融体系面临的问题一点儿也不比美国少，也许我国的有些人又该破口大骂了，但是旁观者清，我想我们还是反思一下自己的问题最为重要，毕竟我们还不能说自己没有一点问题了，至少我认为那位作者说的中国社会中的人口问题与老龄化问题就很值得我们注意。细想想我们面临的问题：高昂的房地产价格与泡沫，股票泡沫，还有巨大的债务泡沫，再加上一系列复杂的社会与政治方面的问题，未来对我们是一个很大的挑战。

在一个国家对美国经济图

They say a picture paints a thousand words.他们说，图片描绘了千言万语。 Well this picture paints very clearly the American Economy for the last 30 years.那么这张照片非常清楚地描绘在过去30年的美国经济。

Ever decreasing Bond Yields which = EVER EXPANDING DEBT.债券收益率不断下降，这= 不断扩大的债务。

The chart below shows that interest rates have been decreasing by approximately 0.5% every 2 years.下表显示利率已约0.5％，每2年下降图表。 Put simply, As the price of debt becomes cheaper more is created and then spent, and that effectively is the economy.简单地说，随着债务的价格变得便宜更多的创建，然后用，并能有效是经济问题。

In 1981 the 30 year bond which is a good approximation for mortgage rates, was yielding 14% today it yields 4%.在1981年的30年期国债是一个很好的近似抵押贷款利率，收益率为14％，现在则收益率4％。 Mortgages will be slightly higher as it is perceived that it is safer to lend to a bankrupt Government than the public.抵押贷款会稍高，因为它是认为它是安全借钱给比政府公共破产。

The interest rate has dropped over the last 30 years because the Fed has constantly dropped the short term Fed funds rate and we are now at 0%.利率下降，在过去30年来，因为美联储不断下降的短期联邦基金利率，我们现在在0％。 The longer dated bonds will follow, as the 30 year Bond chart above very clearly shows,!!月的时间越长的债券将遵循，作为30年期债券K线图十分清楚地表明，！ it is simply maintaining the yield curve.它只是维持收益率曲线。

Considering that virtually all lending by the banks is SECURED in some way on property.考虑到几乎所有的银行贷款是在一些物业的方式担保。 As secured lending accounts for well over 90% of all consumer lending.至于超过90％的消费贷款担保放款账户。 By constantly dropping interest rates, in line with the trendline above or 0.5% every 2 years, you will GUARANTEE A CONTINUOUS HOUSING BOOM.不断下降，与上述或0.5％，每2年趋势线行的利率，你将保证连续房地产市场的繁荣。

Which is exactly what we have had for the last 30 years.这正是我们对过去30年了。

That is until the market runs ahead of itself and then crashes WHICH HAS NOW HAPPENED, or until you reach the ZERO BOUND position of 0% interest rates WHICH HAS NOW ALSO HAPPENED. 这是市场的运行 ， 直到前本身 ， 然后崩溃现已发生，或直到您到达零方向0％利率现已立场也发生。

The economy is 70% based on the consumer, and the consumer has been trained over the last 30 years, just like Pavlov dogs to expect ever decreasing interest rates and attendant increasing property prices.经济70％的消费者为基础，消费者已培训了近30年来巴甫洛夫的狗一样，期望不断下降，利率上升以及随之而来的楼价。 However the Fed have a problem they have no more food for the dogs, as they are now at 0%.然而，美联储有一个问题，他们不会对狗更多的食物，因为它们是在0％左右。

When you look at the chart above, have the Fed actually been setting interest rates?当你看到上面的图，有美联储实际上已确定利率？ Or have they simply been adjusting them, to maintain the downward sloping trend line of the 30 year bond?还是他们只是在调整他们，保持向下的30年期国债倾斜的趋势线？

In the good old days as soon as the consumer creaked the rallying call went out DROP INTEREST RATES.在过去的好时光，一旦消费者作响的号召出去减息。 The theory being if he/she can afford 50,000 of debt at 10% then he/she can afford 100,000 of debt at 5% !!!该理论是，如果他/她有能力在10％的债务50,000当时他/她有能力在5％的债务十万！ the 50,000 of new debt money will be spent in the economy and can be booked as “Growth”.新的债务资金5.00万将用于经济可以说是“预定增长”。

The Consumer is tapped out, so now the Government has taken over the perpetual debt machine, as they are the only big debt spender left in town.消费者已经触顶，因此，现在政府已接管了永久的债务机，因为它们是唯一的大债务豪客在城里留下。

The so called economy is nothing more than a consumption Ponzi Scheme.所谓的经济超过消费庞氏计划无关。 That has needed continuous feeding with a diet of ever decreasing interest rates and ever increasing consumer debt to survive.这已需要的和不断下降，利率和不断增加的消费信贷持续生存的饮食喂养。 When you take on a loan they only lend you the PRINICIPAL they do not loan you the INTEREST, so either more debt is created by continually dropping interest rates, to cover this interest.当你对他们的贷款只是借给你PRINICIPAL他们不贷款，你的兴趣，使更多的债务，或者是通过不断下降的利率，以弥补这种兴趣创建。 Or you make the population bigger, more people entering the perpetual debt machine and taking on debt, hence all the immigration over the last 10 years.或者你的人口更大，更多的人进入机器和永久的债务采取的债务，因此在过去10年来所有的移民。 Whatever happens the total debt outstanding made up of Government, Consumer and Corporate debt.无论发生什么情况未偿还债务总额由政府，消费者和公司的债务了。 Must I repeat MUST get bigger or the system implodes.我必须重申必须得到更大的或系统内爆。 PONZI SCHEME.庞兹骗局。

Now we are at the 0%, and this gigantic Ponzi scheme of an economy has been exposed for what it really is nothing more than an elaborate financial PONZI SCHEME, there is no plan B. Apart from the Government spending lots of freshly printed Dollars therefore duing the purchasing power of all existing Dollars, Ultimately, it will be death by inflation.现在我们正处于0％，这是一个巨大的庞氏经济计划已暴露了它实际上只不过是一个精心金融庞氏计划，也没有乙除了新鲜印刷大量美元，因此，政府开支计划贬值的美元对所有现有的购买力，最终将死亡的通货膨胀。